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February 07, 2017

Duffy to Moderate Panel on Tax Incentives

The Tax Council Policy Institute (TCPI) is a highly respected non-profit and non-partisan public policy research and educational organization that has been sponsoring exceptional tax programs and conferences for more than 15 years. Its symposia are renowned for facilitating the opportunity for leading tax professionals and policy makers from government, academia, and the private sector to fully explore all aspects of current topics. TCPI’s 2017 Tax Policy and Practice Symposium titled “Tax Policy in Transition: Diverging Views in a Converging World” is an educational assembly of more than 40 presenters representing tax leaders from business, government, and academia. The unique two-day symposium will explore the critical issue that stands at the center of the global tax agenda: the taxation of capital. The event will take place February 16-17, 2017 at the Ritz Carlton in Washington D.C.

Mary Duffy will moderate a panel titled “Reshaping Tax Incentives: The Impact on Investment Decisions.” The election results have dramatically changed the contours of the debate around tax incentives. This session will focus on how the House Republican Blueprint for Tax Reform would reshape tax incentives and their potential impacts. In a move toward a consumption-based tax system, the Blueprint would allow expensing of new capital investment, but would disallow net interest expense. The Blueprint would also eliminate all special business tax incentives except for the research credit and the LIFO inventory method. If enacted, these proposals would dramatically change the tax position of most large corporations and the incentives underlying the decision for how much to invest and where to locate investment. The panel will explore how these Blueprint proposals would impact corporate taxpayers in various industries and how policymakers on both sides of the aisle view these issues.

Mary Duffy is a Managing Director in Andersen Tax’s US National Tax office and is the co-leader of Andersen Tax’s accounting methods team. Immediately prior to joining Andersen Tax, Mary served as one of two Legislation Tax Accountants with the Joint Committee on Taxation (JCT) from 2011 to 2013. While with the JCT, Mary worked with key tax personnel within Congress on the development and drafting of tax legislation as well as various tax reform proposals.